Business, 27.04.2021 14:50 asimms8504

Someone who owns a townhouse wrote to a real estate advice columnist to ask whether he should sell his townhouse or wait and sell it in the future when he hoped that prices would be higher. The columnist replied: "Ask yourself: would you buy this townhouse today as an investment? Because every day you don't sell it, you're buying it." Source: Edith Lane, "Contract Exclusion OK?" (Allentown, PA) Morning Call, May 22, 2011. Do you agree with the columnist? In what sense are you buying something if you don't sell it? A. Disagree. If the owner doesn't sell the house, he is not incurring any cost from living in it. B. Agree. Every day the owner uses the house, there is an opportunity cost involved that is equal to the cost of not selling the house. C. Disagree. The owner may want this townhouse more than any other townhouse that he doesn't own. D. Agree. The owner should not consider the cost of buying the house since it is a sunk cost.

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